HILS Development posts 28% resi sales growth in H1 2024

Business Forum
Romanian developer HILS Development has announced a 28% increase in residential sales during H1 2024 compared to the same period of last year, while revenue was up 25% year-on-year. 

The company reported that 356 units have been contracted out of the 850 planned for the full year. 

More than 60% of the apartments were acquired with buyers' own funds, followed by those acquired with bank loans (22%) and developer-financed installments (17%). 

"The six projects launched so far consolidate a community of over 25,000 residents. We continue to maintain a steady pace of over 1,000 completed homes annually, in line with our development strategy aimed at creating quality living conditions,” says Bogdan Bălașa, GM of HILS Development. 

The company has continued to develop new major projects, including HILS Republica, HILS Sunrise, and HILS Titanium, and has completed three other projects – HILS Pallady, HILS Splai, and HILS Brauner – totaling a portfolio of around 2,600 new homes. 

RECOMMENDED
Hils Development launches €200 million mixed-use project near Bucharest
Real estate

Hils Development launches €200 million mixed-use project near Bucharest

Romanian developer Hils Development has announced the launch of Hils Nord, the seventh project in the company's portfolio with a total investment value of €200 million. The new development marks Hils Development's expansion from eastern Bucharest towards the northern area and continues the strategic direction of portfolio diversification through middle premium developments.

Hils Development completes sale of resi complex in Bucharest
Real estate

Hils Development completes sale of resi complex in Bucharest

Romanian developer Hils Development has announced the complete sale of the Hils Brauner residential complex, located in eastern Bucharest in the Theodor Pallady - Victor Brauner area. The project comprises 1,336 apartments and over 2,500 residents.

Northern Bucharest to continue to drive resi demand
Real estate

Northern Bucharest to continue to drive resi demand

Victor Terheș, Sales Director at Bellemonde, talked to Property Forum about the status of its €40 million residential investment in northern Bucharest and the growing demand for homes in this area in the long term.

RECOMMENDED FROM THE HOME PAGE
READ MORE
Business Forum  |  16 December, 2025 at 3:39 PM
Business Forum  |  16 December, 2025 at 2:05 PM